Increase Credit Line

A loan with isn’t simply a one-time installment loan – each loan is a line of credit. When you apply for a loan with us, you get approved for a specific amount. That specific amount is the initial “credit line” that lends to you or your “credit limit”. The great thing about this credit line is that it can continue to grow. After 6 on-time payments, credit limit increases are available to current account-holders.

Let’s talk about why would you want a credit limit increase?

The most obvious reason is so that you have additional funds to draw from when the need for additional cash arises. Increasing your credit limit gives you room to borrow.

The second reason why you may want a credit limit increase is that it can be a useful tool for improving your credit score. Credit bureaus consider how much available credit a person has and how much of that credit is being utilized when calculating a person’s score. Often times, people who get approved for $250 will use the entire line of credit for whatever they may have needed it for. However, maintaining available credit by carrying a higher credit limit may actually increase your score over time. Therefore, if you were to have a credit limit of $450, but you’ve only used $250 of that credit limit,  it causes your credit utilization ratio to lower, which can positively impact your credit score.

Getting a credit line increase is a simple process with NHCash for our customers. All you have to do is log into your My Account and on the right, you’ll see 7 options to chose from. Simply select “Request Credit Limit Increase” & as long as you have made 6 on-time payments, you are on your way to increase your credit limit! It’s as easy as that!

Log in to your my account and get your credit line increase today!
If you’re not a customer yet, Apply Today!